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Re: Swampdude post# 4572

Friday, 09/30/2016 11:01:29 AM

Friday, September 30, 2016 11:01:29 AM

Post# of 6237
Your question or questions are very broad. What exactly do you want to do? Trade or invest? Two totally different animals. If you are looking to trade my main advice to you is not to become a bagholder. Don't be afraid to sell a stock that you are down on. Know before you go in how much you are willing to lose on it. If you keep looking at it and hoping for a recovery you will get into deeper water. And as many times as I tell people this, I will guarantee that you will break this rule - we all do!

Also, I hope you are playing around with some excess cash you have and not with your retirement money. Be very careful there.

As far as your questions regarding colors on StreetSmartEdge - here's the thing. There are so many different platforms out there and each one uses their own types of color codes and indicators - while most of them do the same some may have different features. I suggest that whatever platform you are using to call up that particular company, such as Schwab for what you need to understand. They will explain it to you .

If you decide it is trading that you want to do and you are talking short term trades to generate income right away I think you first need a plan. Every trader here has some type of style whether it is penny stock trading (I'm not a fan of this), or trading based on news events, or trading based on TA, or trading based on stocks that are down a certain percentage and bounce (that is what I do).

If it is long term you are looking at I would tell you to look at fundamentals or some type of new technology like virtual reality or driverless cars or whatever may be the future and what companies are involved.

And lastly, that is ma'am to you! lol

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